Canada, along with other western democracies, rely on a global economy based on cheap goods and cheap labour.
Don Wright asks a question with many possible answers - Why did Justin Trudeau switch sides in the 'class struggle.'
One answer that no one will want to hear is the idea of a 'living wage' that was floated around before COVID-19 reared its ugly head. Academics were studying and pushing the idea that everyone needed a living wage. The failed economics of COVID-19 relief programs like CERB that expanded the scope of unemployment insurance and increased monthly payments beyond regular UI or Canada pension Plan payments proved the possibility of a living wage as a fallacy. Throwing buckets of money out the door, out of control borrowing, out of control deficits and out of control debt in a very short three-year time span showed the idea of a living wage is unfeasible.
To be fair to Trudeau, it was just not only a Made In Canada problem. All western democracies went down a yellow brick road paved with good intentions but have been proved as totally unsustainable. To be fair to Canadians, Trudeau has compounded Canada's problems by declaring war on Canadian oil and gas. These two commodities keep Canada afloat.Under Trudeau, Canada once had a pipe dream of a living wage. Now under Trudeau, Canada just has a nightmare pipe dream of inflation, deficits and debt.Canada cannot afford a living wage or Trudeau.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Opinion: Instead of fearing a recession, Canada must embrace the next one – it’s an opportunityDuring the next recession, we should not simply jolt the economy back to life as if with a defibrillator, as we have always done
Lire la suite »
EDITORIAL: Rising crime rates require new reformsAs Statistics Canada reported last week, Canada has a growing crime problem.
Lire la suite »
The time is now for Canadian cricket to take flightFor Canada’s players, experiences such as Global T20 Canada are critical.
Lire la suite »
Statistics Canada to release latest GDP numbers todayStatistics Canada is set to release its latest reading on how the economy fared in May, as well as a preliminary glimpse for the second quarter.
Lire la suite »
Statistics Canada to release GDP figures for May, preliminary Q2 figure - BNN BloombergStatistics Canada is set to release today its latest reading on how the economy fared in May, as well as a preliminary glimpse for the second quarter.
Lire la suite »
How Canada used to produce terrifyingly deadly armiesParticularly in the First World War, the wanton brutality of Canadian soldiers was enough to shock even their allies
Lire la suite »